Epoch Investment Partners Inc. trimmed its holdings in shares of Ameren Co. (NYSE:AEE) by 16.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 918,290 shares of the utilities provider’s stock after selling 182,657 shares during the period. Epoch Investment Partners Inc.’s holdings in Ameren were worth $73,500,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of AEE. Deutsche Bank AG raised its stake in shares of Ameren by 837.3% during the 2nd quarter. Deutsche Bank AG now owns 4,615,364 shares of the utilities provider’s stock worth $369,415,000 after buying an additional 4,122,978 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Ameren by 20,255.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,965,521 shares of the utilities provider’s stock worth $322,634,000 after buying an additional 3,946,040 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ameren by 113.5% during the 1st quarter. Franklin Resources Inc. now owns 3,745,553 shares of the utilities provider’s stock worth $304,738,000 after buying an additional 1,991,296 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ameren by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 28,806,084 shares of the utilities provider’s stock worth $2,305,640,000 after buying an additional 687,861 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Ameren by 1.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,463,861 shares of the utilities provider’s stock worth $2,641,260,000 after buying an additional 579,018 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on AEE shares. Mizuho cut their target price on Ameren from $88.00 to $83.00 and set a “neutral” rating for the company in a research note on Thursday, September 30th. They noted that the move was a valuation call. BMO Capital Markets upped their price target on Ameren from $88.00 to $91.00 and gave the stock an “outperform” rating in a report on Tuesday, August 24th. They noted that the move was a valuation call. Finally, Morgan Stanley lowered their price target on Ameren from $92.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, September 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Ameren currently has an average rating of “Hold” and a consensus target price of $88.50.
Ameren (NYSE:AEE) last announced its earnings results on Wednesday, August 4th. The utilities provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Ameren had a return on equity of 10.11% and a net margin of 15.38%. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that Ameren Co. will post 3.76 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, December 8th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, December 7th. Ameren’s dividend payout ratio (DPR) is presently 62.86%.
Ameren Company Profile
Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).
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